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Ignou question papers 2020 -2021 | Important Questions || IGNOU Previous Year Question Paper | IGNOU announces the term-end exam date sheet before the IGNOU exam.
Students appearing in the IGNOU Term and Examination should complete their complete syllabus and start their exam practices as well.
It is important to work on the previous year questions in IGNOU. This increases the likelihood of students getting goods marks in the paper.
Here we are providing Previous Years solved papers For B.com First year ECO 05: Mercantile Law for IGNOU students.
These papers are helpful for upcoming exam.
Term-End
Examination
December, 2020
ECO-05: MERCANTILE
LAW
Q1. Define a contract. What are the essentials of a valid contract?
Q2. Who is a minor? When is a minor liable for a contract? If a minor mis-represents his age, what is the legal effect?
Q3. Distinguish between a Contract of Indemnity and Contract of Guarantee.
Q4. Define bailment. What are the duties of a bailor and bailee.
Q5. What is an agency? When is an agent personally liable?
Q6. Discuss the rights of an unpaid seller against (a) buyers and (b) goods.
Q7. What are the various modes of discharge of a contract? Explain any one of them in detail.
Q8. Is registration of partnership necessary? If not registered, what are the consequences? Is a partner an agent of another partner? Who is a sleeping partner?
Q9. Answer the following problems, giving reason for your answer:
(a) ‘A’ hires a car from ‘B’. The car is unsafe, though the owner ‘B’ is not aware of it and ‘A’ is injured. Is ‘B’ responsible to ‘A’ for injury?
(b) ‘X’, ‘Y’ and ‘Z’ together buy a few houses as joint owners. They collect the rent of these houses given on rent. Are they partners or agents of each other?
